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GROUND BREAKING: Nigerians can now trade in Chinese Yuan ahead of Dollar

President of Nigeria, Muhammadu Buhari on Tuesday, signed a landmark currency deal with the Industrial and Commercial Bank of China Ltd. This agreement will allow Nigerian who imports mainly from China conclude their transactions in the Chinese currency instead of the Dollar.

Until now, over 90% of International trade between Nigeria and the world is done in Dollars and in the process, putting so much pressure on the Naira.

A Naira to Yuan is N30, Naira to Dollar is 198.

Which do you prefer?

CHANGE is here, embrace it. Currency deal with China will crash the dollar by 70%